AMD Reports Second Quarter 2020 Financial Results


  ADVANCED MICRO DEVICES, INC.    
  CONDENSED CONSOLIDATED BALANCE SHEETS    
  (Millions)    
      
   June 27,
2020
  December 28,
2019
 
  (Unaudited)   
  Assets    
  Current assets:    
 Cash and cash equivalents$1,775  $1,466  
 Marketable securities -   37  
 Accounts receivable, net 1,789   1,859  
 Inventories 1,324   982  
 Receivables from related parties 10   20  
 Prepaid expenses and other current assets 211   233  
  Total current assets 5,109   4,597  
 Property and equipment, net 585       500    
  Operating lease right-of use assets   215       205    
  Goodwill   289       289    
  Investment: equity method   59       58    
  Other non-current assets   326       379    
  Total Assets $ 6,583     $ 6,028    
           
  Liabilities and Stockholders' Equity        
  Current liabilities:        
  Short-term debt $ 200     $ -    
  Accounts payable   802       988    
  Payables to related parties   192       213    
  Accrued liabilities   1,172       1,084    
  Other current liabilities   68       74    
  Total current liabilities   2,434       2,359    
  Long-term debt, net   490       486    
  Long-term operating lease liabilities   204       199    
  Other long-term liabilities   150       157    
           
  Stockholders' equity:        
  Capital stock:        
  Common stock, par value   12       12    
  Additional paid-in capital   10,127       9,963    
  Treasury stock, at cost   (54 )     (53 )  
  Accumulated deficit   (6,776 )     (7,095 )  
  Accumulated other comprehensive loss   (4 )     -    
  Total stockholders' equity $ 3,305     $ 2,827    
  Total Liabilities and Stockholders' Equity $ 6,583     $ 6,028    
           

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